https://www.taxtmi.com/caselaws?id=795121 Section 3 of the Prevention of Money Laundering Act covers direct or indirect involvement, knowing assistance, or participation in concealing, possessing, acquiring, using, or projecting proceeds of crime as untainted property. The material described receipt of loan funds ostensibly for construction materials followed by their immediate substantial re-transfer to the principal accused's personal accounts, prima facie indicating knowing participation in routing, concealing, and disbursing tainted funds. The bank manager's earlier quashing was distinguishable because comparable material linking that manager to handling or laundering proceeds of crime was absent. The money-laundering complaint was therefore not liable to be quashed. en-us Fri, 10 Jul 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795121 Section 3 of the Prevention of Money Laundering Act covers direct or indirect involvement, knowing assistance, or participation in concealing, possessing, acquiring, using, or projecting proceeds of crime as untainted property. The material described receipt of loan funds ostensibly for construction materials followed by their immediate substantial re-transfer to the principal accused's personal accounts, prima facie indicating knowing participation in routing, concealing, and disbursing tainted funds. The bank manager's earlier quashing was distinguishable because comparable material linking that manager to handling or laundering proceeds of crime was absent. The money-laundering complaint was therefore not liable to be quashed. Case-Laws Money Laundering Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795121